Thursday, July 12, 2012
Local Commerce Enabled by Mobile Devices Might Reach $17 Billion in 2015
But the business will be highly fragmented. Perhaps the single biggest segment will be mobile payments, assuming about 1.75 percent of gross retail volume as the revenue for transaction processors. But the "new" point of sale terminal segment, loyalty and daily deals segments will contribute revenues of single-digit billions.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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